A class action has been filed against German insurance company Victoria Versicherung AG and three related companies on behalf of descendants of victims massacred in the Armenian Genocide of 1915, who allege that the company failed to pay life insurance policy proceeds to them. The action seeks recovery of benefits that were allegedly never paid.
From 1880 to 1915, many Armenians who lived in the Ottoman Empire (in much of what is now the country of Turkey) allegedly purchased life insurance policies from Victoria Insurance. On April 24, 1915, the government of Turkey launched a systematic campaign to destroy ethnic Armenians through a process of massacre and deportation, which is now recognized as the Armenian Genocide. Between 1915 and 1922, between one-and-a-half and two million Armenians perished as a result. Among the victims were the owners of life insurance policies issued by Victoria Insurance.
The action alleges that Victoria Insurance never paid any life insurance benefits to any victims of the Armenian Genocide. Despite repeated claims, Victoria Insurance refused to pay the proceeds that are due under the policies. Even as late as 2003, Victoria Insurance allegedly acted to delay and confuse the beneficiaries and heirs. In this lawsuit, Reverend Father Vazken Movsesian is asking the federal court for an order requiring Victoria Insurance to identify the insurance benefits that belong to the Armenians, to identify the rightful heirs, and to pay the benefits to them.
The other companies named in the suit are German companies Ergo Versicherungsgruppe AG and Munchener Ruckversicherungsgesellschaft Aktiengesellschaft, and American company America RE Corporation.